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in Tech

Zomato to Acquire Paytm’s Entertainment Ticketing Business

by Editor August 22, 2024, 6:50 am 1.9k Views

Zomato to Acquire Paytm

Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm for $244.2 million (roughly Rs. 2,049 crore) as the food delivery platform looks to beef up its fast-growing ticketing business.

The acquisition bolsters Zomato’s presence in India’s online ticketing market for movies and live events, currently dominated by Reliance-backed BookMyShow.

Paytm, which has been BookMyShow’s closest…

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